Bill Text | History of Actions | Background | Title |
Description: Economic development; revise DECD's minority business enterprise act, create loan program and issue bonds.
Bill Text: [Introduced]
| 1 | 02/21/00 | (H) | Referred To Ways and Means | |
| 2 | 03/07/00 | (H) | Died In Committee |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Flaggs
Code Sections: A 057-0069-0003, A 057-0069-0005, A 057-0069-0007, A 057-0069-0009
Title: AN ACT TO REVISE THE MISSISSIPPI MINORITY BUSINESS ENTERPRISE ACT; TO ESTABLISH THE MINORITY BUSINESS ENTERPRISE FINANCE PROGRAM FOR THE PURPOSE OF MAKING LOANS TO QUALIFIED MINORITY BUSINESS ENTERPRISES, IN ORDER TO ENHANCE OPPORTUNITIES FOR PARTICIPATION IN PUBLIC CONTRACTS; TO SET FORTH THE REQUIREMENTS OF THE LOAN PROGRAM; TO AMEND SECTION 57-69-5, MISSISSIPPI CODE OF 1972, TO AUTHORIZE THE OFFICE OF MINORITY BUSINESS ENTERPRISES WITHIN THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO CONDUCT A DISPARITY STUDY OF BARRIERS TO EQUAL PARTICIPATION BY QUALIFIED MINORITY OWNED BUSINESSES IN ALL STATE AGENCY AND EDUCATIONAL INSTITUTION CONTRACTS; TO ALLOW THE EXECUTIVE DIRECTOR OF THE OFFICE TO AUTHORIZE THE MAKING OF LOANS TO QUALIFIED MINORITY BUSINESS ENTERPRISES; TO PROVIDE THAT THE OFFICE SHALL ESTABLISH FIVE REGIONAL BUREAUS THROUGHOUT THE STATE IN LOCATIONS ACCESSIBLE TO RURAL COMMUNITIES, IN ORDER TO MAKE SERVICES PROVIDED BY THE OFFICE AVAILABLE TO ALL RESIDENTS; TO AMEND SECTION 57-69-9, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT REQUIRED ANNUAL REPORTS MADE BY STATE AGENCIES AND EDUCATIONAL INSTITUTIONS, ABOUT THE PARTICIPATION OF MINORITY BUSINESS ENTERPRISES IN THE PUBLIC WORKS AND PROCUREMENT CONTRACTS EXECUTED BY THE AGENCIES AND INSTITUTIONS, BE MADE TO THE GOVERNOR AND THE LEGISLATURE; TO AMEND SECTIONS 57-69-3 AND 57-69-7, MISSISSIPPI CODE OF 1972, TO MAKE NOMENCLATURE CORRECTIONS; TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE OF MISSISSIPPI IN THE AMOUNT OF ONE MILLION DOLLARS, FOR THE PURPOSE OF PROVIDING FUNDS FOR THE IMPLEMENTATION OF THE MINORITY BUSINESS ENTERPRISE FINANCE PROGRAM; AND FOR RELATED PURPOSES.
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